Caldwell Trust Co Buys Shares of 5,200 Aon plc $AON

Caldwell Trust Co purchased a new position in shares of Aon plc (NYSE:AON) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,200 shares of the financial services provider’s stock, valued at approximately $1,855,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in AON during the second quarter worth about $754,671,000. Wellington Management Group LLP acquired a new position in shares of AON in the first quarter valued at approximately $490,634,000. Vanguard Group Inc. increased its stake in AON by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after buying an additional 511,292 shares during the period. Bank of New York Mellon Corp lifted its holdings in AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares in the last quarter. Finally, Altrinsic Global Advisors LLC grew its stake in shares of AON by 193.2% in the second quarter. Altrinsic Global Advisors LLC now owns 692,633 shares of the financial services provider’s stock worth $247,104,000 after acquiring an additional 456,399 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their target price on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. UBS Group cut their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company lowered their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.56.

AON Price Performance

Shares of NYSE:AON opened at $353.71 on Monday. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market capitalization of $76.02 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.02 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The company’s fifty day moving average price is $347.23 and its 200 day moving average price is $356.22.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company posted $2.72 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio is currently 23.88%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.